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Press Release

WireX Closes $9.3 Million Round to Bring Cyber Forensics Capabilities to All Enterprises

21 Jul, 2015

July 21, 2015 10:31 ET

The company’s innovative offering has attracted a group of serial entrepreneurs and investors, including the co-founders of Imperva and Trusteer, to join the round

YEHUD, Israe – (July 21, 2015) – WireX, a leader in network forensics, today announced it has raised $9.3 million led by Vertex Venture Capital, with participation from existing investor Magma Venture Capital, Entrée Capital and the entrepreneurs and private investors Mickey Boodaei, co-founder of Imperva and Trusteer, Rakesh Loonkar, co-founder of Trusteer, and Idan Plotnik, founder of Aorato (acquired by Microsoft). Funding will be used to expand the Israeli-based R&D center and establish headquarters in the US.

WireX enables businesses to quickly and effectively resolve cyberattacks, while minimizing the need for expert-level security teams. The company’s unique technology translates the enterprise’s entire network traffic into human-readable intelligence that brings full and instant understanding to network security incidents.

”Organizations today are under constant pressure to identify successful attacks and respond quickly to minimize damage”, says WireX CEO, Tomer Saban. “While the ability to detect a suspicious network activity exists, the major challenge is to understand what the alert stands for and how to best respond. The reality is that existing forensics tools are too complicated to operate and require extensive know-how in both networking and security. The WireX platform solves this by automating analysis efforts to enable even entry level teams to resolve security incidents just like top level analysts.

The WireX Network Forensics platform continuously analyses all parts of the enterprise network and creates a comprehensive source of intelligence for security operations. WireX core technology, the Layer 8 Contextual Analysis™, picks up where traditional DPI has failed and automatically reveals the entire set of actions performed within each application and its associated contents. When a malicious activity is detected in the network, the big data platform correlates the analyzed data into a complete “network story” required to handle the incident, thus minimizing exposure time to threats.

“WireX is changing the way enterprises investigate security alerts and threats”, said Emanuel Timor, Partner, Vertex Ventures. “We are impressed by the vision and achievements of the WireX team. By turning network security investigation to an easy, fast and intuitive task, WireX helps enterprises identify security threats. We believe that this solution will play a major role in the enterprise security ecosystem”.

WireX was founded in 2010 by security veterans Tomer Saban, Gilboa Davara and Vadim Lipovetsky to deliver cutting-edge security monitoring systems for intelligence agencies across the globe. WireX has since expanded its product offering into the enterprise security market, tailoring its groundbreaking technology to directly address network forensics.

“WireX talented team is exceptional in its ability to address a big market with innovation that solves a real pain”, said Mickey Boodaei, who joined the company’s board. “WireX has what it takes to become a leading cyber security company. I’m proud to be contributing to this effort.”

About WireX Systems

WireX Systems is an innovative network intelligence and forensics company that is changing the way businesses resolve cyber-attacks. Leading enterprises choose WireX as a key component in their forensics infrastructure to accelerate incident response, mitigate data theft and simplify responding to the magnitude of security alerts they must action every day. WireX’s mission is to deliver the best forensics experience for the enterprise with the greatest amount of context and history to make security investigations easy. WireX Systems is a privately held company funded by Vertex Partners, Entree Capital, and Magma Venture Partners and is headquartered in Sunnyvale, CA, with offices in Yehud Monosun, Israel.